Business & Investment

Baystreet.ca-stocks start week positive

Canada’s largest center stocks opened high on Monday, alleviating concerns about the Omicron coronavirus variant, and energy stocks tracked oil price spikes.

The S & P / TSX composite rose 93.53 points, starting at 20,726.80 on Monday and the week.

Canadian dollar recovered 0.12 cents at 78.13 cents in the US

The Canadian National Railway said on Sunday that it resumed operations in an important corridor from Kamloops, British Columbia, which was hit by floods, to Vancouver. CN shares rose $ 1.58 (1%) to $ 165.62.

Trans Mountain Corporation said in a statement on Saturday that it would resume operations on Sunday a few weeks after a record storm struck British Columbia and roads and railroads were washed away.

The RBC has raised the Bank of Montreal’s target price from $ 146.00 to $ 154.00. BMO shares rose 87 cents to $ 138.85.

CIBC has lowered the target price for First Quantum Minerals from $ 38.50 to $ 37.00. First Quantum was up 24 cents to $ 27.23.

On Bay Street

The TSX Venture Exchange fell 17.4 points (1.9%) to 879.73.

All but three of the 12 TSX subgroups are moving forward, with consumer staple foods up 1.3%, real estate improving 1.1% and consumer discretionary stocks improving 1%.

The three delays were healthcare, 0.9% slides, information technology, a 0.5% decrease, and a 0.2% material decrease.

On Wall Street

The Dow Jones Industrial Equity average soared on Monday, delaying NASDAQ Composite as investors overlooked new threats from the Omicron COVID-19 variant and turned to economic-related names recovering from overpriced tech stocks. I took it.

The 30-share index rose 442.62 points (1.3%) to 35,022.70 for the first time on Monday.

The S & P 500 index rose 23.43 points to 4,561.86.

However, NASDAQ fell 34.52 points to 15,050.95.

High-priced tech stocks are low, and market risk mitigation themes continue. Nvidia was 4.5% off, but Tesla was down nearly 3%. Microsoft, Amazon and Alphabet were also low.

Stocks associated with the resumption of the economy, which rose on Monday, boosted Dow’s sentiment. Boeing and Chevron stocks were green.

United Airlines and Delta Air Lines stocks soared about 5%. Carnival rose almost 3% and Wynn Resorts’ share rose about 2%.

Prices of 10-year government bonds have fallen and yields have risen from 1.36% on Friday to 1.38%. Treasury prices and yields move in the opposite direction.

Oil prices soared from $ 1.61 a barrel to $ 67.87.

Gold prices fell $ 3.90 per ounce to $ 1,780.00.

Baystreet.ca-stocks start week positive

http://www.baystreet.ca/articles/marketupdates.aspx?articleid=72576 Baystreet.ca-stocks start week positive

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